Something BIG Just Happened in the Housing Market (Redfin Fools Everyone Again)
Are investors really fleeing the housing market? According to the new housing start data set released by the US Census Bureau, the breakdown of housing starts by purpose and design for the first time are showing home builders are building more houses to rent than they are houses to sell. This is a shocking revelation for all homebuyers and home sellers looking to jump back into the real estate market.
We also dive into the new record number of housing starts for both single family homes and multi family homes, and show how again multi-family homes are outpacing single family homes currently under construction.
The data used in this video comes from Zillow, Redfin, and the US Census Bureau.
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